Madison Trusts Lawyer

Our attorney help clients establish trusts to manage their assets in life and after they have gone. Based in Madison, Wisconsin, King Law Offices help people establish trusts to replace or supplement an existing will, as well as to manage assets during life. Trusts help individuals preserve their assets so they can seamlessly pass them on to their loved ones after the settlors have passed on.

At King Law Offices, we help our clients to select, plan, and fund trusts. In addition to selecting the proper trust vehicle to meet our clients' needs, we make sure there are dedicated financial resources backing each trust so the trust maintains the ongoing financial backing it needs to deliver as intended. Contact us today to learn more about your options for establishing a trust.

Depending on your objectives, you might choose a living trust or a testamentary trust. A living trust can take effect while you are still alive and can be designed to continue after your death. A testamentary trust puts your property into the trust only after the trustor dies. Additionally, we can help you choose between a revocable and irrevocable trust and explain the key differences related to the probate process.

As part of a comprehensive estate plan, we help clients establish living trust packages that include pour over wills, durable powers of attorney for both health care and financial matters, and marital property agreements.

When to Use a Living Trust

Planning for the Child with Special Needs

Tax Planning
In any trust, one of your primary concerns should be limiting the tax liability on remaining assets. Our attorney help you take the long view in funding a trust while minimizing its tax burdens.

Special Needs Trusts
Our firm helps people establish special needs trusts, also known as supplemental needs trusts, to ensure that income and assets in trust are preserved for their disabled children.

Revocable Living Trusts
We strive to help clients see the benefits of establishing a revocable living trust, which is an arrangement you can make for the management and allocation of your property while you are still alive or after your death. Revocable means that you can modify this type of trust at any time.

The Advantages and Disadvantages of Trusts
Our trust lawyer counsel clients regarding disability planning and all trust administration matters, paying special attention to covering the cost of trust administration.

Advantages

Disadvantages

Control
Privacy
Avoid costs and time transferring assets after death: No probate if trust is properly funded
Simplify estate tax planning
Prior Marriage Situations
Asset Protection
Can administer property in several states with one document
Can take advantage of expertise of institutional trustees to manage assets
Peace of mind
Powers of attorney are not always honored, where trusts must be

No date specific cutoff of creditors' claims (in probate, there is a cutoff after which creditors may not pursue the estate for debts)
Up-front costs are more than creating a simple will
Trusts must be funded to be the most useful, and that takes time and attention when the trust is first set up
There is some maintenance required such as ensuring future purchases, inheritances, etc. are placed in the trust

Our Madison, Wisconsin, law firm also serves the estate planning and probate needs of clients outside of Wisconsin who possess assets and property inside the state.

Our estate planning and trusts lawyer offer free initial consultations, and we accept credit card payments. Discounts are available for AARP members. We will meet during evening and weekend hours by appointment. Contact us to discuss protecting and managing your assets by establishing a trust.

King Law Offices, LLC

1667 Capital Avenue, Suite A
Madison, WI 53705
Toll Free: 888-811-4779
Phone: 608-233-9588
Click here for driving directions

Based in Madison, Wisconsin, King Law Offices, LLC, serves clients in Janesville, Watertown, Jefferson, Fort Atkinson, Portage, Baraboo, Reedsburg, Richland Center, Mount Horeb, Monroe, Beaver Dam, Dane County, Rock County, Green County, Iowa County, Richland County, Sauk County, Columbia County, Dodge County, Jefferson County, and throughout southern Wisconsin.